 Longer parental time and lower fertility rateTianyu Sun and Sichao Wei The Journal of the Economics of Ageing, 2022, vol. 22, issue C Abstract: The fertility rates in high-income countries have been lower than the replacement level for decades. We argue that the rising parental time plays an essential role in the fertility rate decline. To this end, we construct an indicator named the parental time share, which links the time use survey data and the Barro–Becker modeling framework. We modify the model of de Silva and Tenreyro (2020) by introducing endogenous parental time share. The modified model analytically shows that the parental time share increases with the accumulation of human capital and depresses the fertility rate. The quantitative results fit the dynamics of fertility rates, human capital investments, and parental time shares in the high-income countries since 1965, confirming the importance of the parental time share in shaping the demographic changes. We also extend the basic model to account for countries at all income levels and present a demography opportunity set that describes all the combinations of fertility rates, human capital investments, and parental time shares. Keywords: Fertility rate; Parental time; Human capital; Household time use (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:22:y:2022:i:c:s2212828x22000159 DOI: 10.1016/j.jeoa.2022.100382 Access Statistics for this article The Journal of the Economics of Ageing is currently edited by D.E. Bloom, A. Sousa-Poza and U. Sunde More articles in The Journal of the Economics of Ageing from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.